KLA-Tencor Corporation (NASDAQ:KLAC) insider Bobby R. Bell sold 3,526 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $89.93, for a total value of $317,093.18. Following the sale, the insider now owns 9,633 shares in the company, valued at approximately $866,295.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

KLA-Tencor Corporation (KLAC) traded up 3.02% during trading on Tuesday, hitting $91.70. The stock had a trading volume of 879,694 shares. The firm has a 50 day moving average price of $94.40 and a 200-day moving average price of $96.00. The firm has a market capitalization of $14.38 billion, a PE ratio of 15.60 and a beta of 1.62. KLA-Tencor Corporation has a 1-year low of $66.89 and a 1-year high of $109.59.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. During the same quarter in the previous year, the firm posted $1.77 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that KLA-Tencor Corporation will post $6.70 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.59 per share. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Friday, August 11th. This represents a $2.36 dividend on an annualized basis and a yield of 2.57%. KLA-Tencor Corporation’s payout ratio is presently 40.14%.

ILLEGAL ACTIVITY WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/22/insider-selling-kla-tencor-corporation-klac-insider-sells-3526-shares-of-stock.html.

Large investors have recently modified their holdings of the stock. Alps Advisors Inc. boosted its stake in shares of KLA-Tencor Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock worth $472,000 after buying an additional 14 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of KLA-Tencor Corporation by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock worth $262,000 after buying an additional 18 shares during the last quarter. Palo Capital Inc. boosted its stake in shares of KLA-Tencor Corporation by 0.5% in the second quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock worth $739,000 after buying an additional 37 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of KLA-Tencor Corporation by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after buying an additional 44 shares during the last quarter. Finally, Trust Co. of Vermont boosted its stake in shares of KLA-Tencor Corporation by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock worth $138,000 after buying an additional 45 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on KLAC shares. B. Riley restated a “buy” rating and issued a $115.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Cowen and Company restated an “outperform” rating and issued a $115.00 price objective (up previously from $96.00) on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Needham & Company LLC upped their price objective on KLA-Tencor Corporation from $105.00 to $120.00 and gave the company a “strong-buy” rating in a research note on Friday, April 28th. Credit Suisse Group restated an “outperform” rating and issued a $100.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $100.00 price objective (up previously from $85.00) on shares of KLA-Tencor Corporation in a research note on Saturday, April 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $98.86.

KLA-Tencor Corporation Company Profile

KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

Insider Buying and Selling by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.